Examples of Westfield Wheaton Whole Loan in a sentence
The appointment of any successor special servicer with respect to the Westfield Wheaton Whole Loan (prior to the Westfield Wheaton Companion Loan Securitization Date) shall be subject to the consent of the Westfield Wheaton Directing Holder.
Prior to the Westfield Wheaton Securitization Date, Section 6.08(a) and Section 6.08(b) of this Agreement shall not apply to any termination or replacement of the Special Servicer with respect to the Westfield Wheaton Whole Loan or any related REO Property, unless the Certificate Administrator and Trustee have each received an executed copy of the Westfield Wheaton Directing Holder’s written consent to any such termination and replacement.
Notwithstanding the foregoing, the Operating Advisor, as and to the extent set forth herein, shall have limited obligations or consultation rights with respect to (i) any Mortgage Loan that is a Non-Serviced Whole Loan as of the Closing Date or any related REO Property and (ii) the Westfield Wheaton Whole Loan after the Westfield Wheaton Securitization Date, and in the case of each of clauses (i) and (ii), no Operating Advisor Consulting Fee shall be payable with respect thereto.
An invoice detailing these Out of Pocket Expenses, including any Fund specific expenses, will be submitted to the Trust at the end of each month, and will be payable by the Trust within (30) days of receipt of an invoice from NLCS.
In addition to the foregoing, with respect to the Westfield Wheaton Whole Loan, after the Westfield Wheaton Securitization Date the related Mortgage Loan shall be a Non-Serviced Mortgage Loan, and the rights, duties and obligations of the Issuing Entity and the parties to this Agreement shall be as set forth herein with respect to Non-Serviced Mortgage Loans.
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With respect to the Westfield Wheaton Whole Loan and any related REO Property, prior to the Westfield Wheaton Securitization Date, the Westfield Wheaton Directing Holder shall exercise all approval rights regarding any Asset Status Report in respect of Westfield Wheaton Whole Loan or REO Property set forth in the second paragraph of this Section 3.21(b) without regard to the occurrence of any Control Termination Event or Consultation Termination Event.